record U.S. current account
Emerging Evidence of A More Pressing Recessionary Risk in Europe than the United States
June 23, 2022
Preliminary June purchasing manager survey results highlight scant demand, a rise in unsold inventories, a mounting drag from elevated inflation, and weakening trends in both business and consumer confidence. The findings contrast with Fed Chairman Powell assertion yesterday that, while the U.S. situation presents a challenging one to policymakers, the risk of a near-term recession […] More
